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Flounder Corp. has been operating successfully for the past fifteen years. However, during recent years, its common shares outstanding changed as shown below. The
Flounder Corp. has been operating successfully for the past fifteen years. However, during recent years, its common shares outstanding changed as shown below. The corporation uses the calendar year as its fiscal year. 2023 2022 2021 Shares outstanding, Jan 1 315,000 252,000 206,000 Shares sold, Apr 1, 2021 46,000 25% stock dividend, Jul 1, 2022 63,000 2-for-1 stock split, Jul 1, 2023 Shares sold, Oct 1, 2023 315,000 106,000 Shares outstanding, Dec 31 736,000 315,000 252,000 Net Income $761,540 670,950 601,250 (a) Calculate the weighted average number of shares outstanding for each year. Weighted average number of shares outstanding 2023 2022 2021
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